Disseminated on behalf of Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) and may include paid advertising.

• Domestic critical minerals production has become a priority for US policymakers seeking to reduce supply-chain vulnerabilities.
• In its fiscal 2025 year-end update, Trilogy highlighted progress tied to broader federal support for domestic critical minerals initiatives.
• Beyond policy alignment, Trilogy’s year-end results provided updates on financial and strategic positioning.

As governments worldwide focus on strengthening supply chains for strategic resources, domestic production of critical minerals has emerged as a central pillar of industrial policy. In the United States, concerns about reliance on foreign sources for metals essential to defense systems, electrification and advanced technologies have accelerated federal initiatives designed to encourage domestic exploration and development. Trilogy Metals (NYSE American: TMQ) (TSX: TMQ) is positioning itself within this trend, highlighting growing government support in its fiscal 2025 year-end results while advancing Alaska’s Upper Kobuk Mineral Projects (“UKMP”) that could contribute to the country’s future mineral supply.

Domestic critical minerals production has become a priority for US policymakers seeking to reduce supply-chain vulnerabilities. According to the US Geological Survey (“USGS”), many minerals essential for energy storage, advanced manufacturing and national security remain heavily imported, creating potential risks in times of geopolitical uncertainty. The USGS notes that the United States relies significantly on foreign sources for several key commodities, underscoring the strategic importance of expanding domestic mining and processing capacity.

Legislative and policy frameworks such as the Inflation Reduction Act and the Defense Production Act have been leveraged to support domestic mining projects, infrastructure development and processing capabilities. Federal agencies have increasingly recognized copper, zinc and other base metals as critical to the modern economy due to their roles in electrification, power infrastructure and data centers. The International Energy Agency has also highlighted that demand for critical minerals linked to clean-energy technologies is expected to rise significantly as countries pursue decarbonization goals, reinforcing the importance of diversified and secure supply chains.

Against this backdrop, Trilogy Metals has been advancing its interests in the Upper Kobuk Mineral Projects located within Alaska’s Ambler Mining District, an area known for high-grade polymetallic deposits containing copper, zinc, lead, gold and silver. Trilogy holds a 50% interest in Ambler Metals, a joint venture with South32 Limited that manages the development of these assets. The Ambler Mining District is one of the most significant undeveloped copper-dominant mineral belts in North America, positioning it as a major potential contributor to domestic supply chain goals.

In its fiscal 2025 year-end update, Trilogy highlighted progress tied to broader federal support for domestic critical minerals initiatives. The company pointed to increasing US government engagement with projects aimed at strengthening mineral independence, noting that policy momentum aligns with the strategic importance of northwestern Alaska. The release referenced ongoing efforts related to infrastructure planning and permitting, which remain key factors for unlocking development.

The Ambler Access Project is a proposed industrial road intended to provide transportation infrastructure to the mining district. The company’s year-end report suggests that policy support could improve the long-term outlook for infrastructure solutions that enable responsible development.

Beyond policy alignment, Trilogy’s year-end results provided updates on financial and strategic positioning. The company highlighted ongoing collaboration with joint venture partner South32 and noted that exploration and technical work continue to advance project development work and permitting activities.

The broader investment narrative surrounding Trilogy Metals reflects several themes shaping the mining sector today. First is the recognition that copper and other base metals are increasingly viewed as essential to both energy transition infrastructure and traditional industrial applications. Second is the shift toward domestic or allied supply chains driven by geopolitical risk and resource security considerations. Projects located in politically stable jurisdictions, particularly within the United States, may attract heightened investor interest as policymakers seek to reduce dependency on imports.

Ultimately, Trilogy Metals’ fiscal 2025 update highlights how company-level progress intersects with broader structural shifts in resource policy and market demand. As the United States seeks to expand domestic production of critical minerals, companies capable of advancing high-grade deposits while aligning with evolving regulatory frameworks and infrastructure initiatives may play an increasingly important role in shaping the future supply landscape. Trilogy’s continued work in the Ambler Mining District, combined with rising federal support for domestic mineral development, positions the company within a sector that is gaining strategic importance for both investors and policymakers alike.

For more information, visit www.TrilogyMetals.com.

NOTE TO INVESTORS: The latest news and updates relating to Trilogy Metals are available in the company’s newsroom at ibn.fm/TMQ

Disseminated on behalf of CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) and may include paid advertising.

• CMX Gold & Silver Corp., an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is on track to execute a plan this spring for a comprehensive geophysical program at its flagship plant
• The geophysical program will include 3-D DCIP and MT surveys to delineate known structures on the property
• This follows the announced plan to undertake a non-brokered private placement financing to raise CAN$2,000,000 from the sale of 8,000,000 units at CAN$0.25 a unit
• For investors, it’s important to remember that this historic silver producing mine was never fully explored, with a geology that strongly suggests many undiscovered silver-bearing veins similarly formed

CMX Gold & Silver (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, is set to execute a plan for a comprehensive geophysical program at its flagship plant. This follows the announcement that the company will undertake a non-brokered private placement financing to raise gross proceeds of up to CAN$2,000,000 through an offering comprising up to 8,000,000 units sold at CAN$0.25 per unit (https://ibn.fm/lk61Q).

The comprehensive geophysical program will include a 3-D Direct Current Induced Polarization (“DCIP”) survey and a Magnetotelluric (“MT”) survey to delineate known structures on the property. In addition, this program will work to identify the extensions of the partially mined ore body, identify potential new ore bodies, and evaluate deeper sources of mineralization, with follow-up drilling to test priority targets.

Historically, the Clayton Silver Mine has only been mined down a single vein, leaving the property essentially unexplored. Given its location in the Bayhorse Mining District of central Idaho (the property spans 1,028 acres, 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims), the consistent geology suggests multiple undiscovered veins in the overall deposit, veins in which minerals would have entered and been deposited just as they were in the original producing vein (https://ibn.fm/lk61Q).

For company information, visit the company’s website at www.CMXGoldandSilver.com.

NOTE TO INVESTORS: The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF

• Earth Science Tech reported fiscal Q3 2026 revenue of $8.4 million, up 14.1% year over year, with gross margin expanding to 76.3% and adjusted EBITDA rising to $1.2 million
• Management said Peaks, the company’s telemedicine platform, surpassed $2.0 million in revenue in less than a year, while the company pursues additional state licenses to expand its footprint
• ETST engaged Semple, Marchal and Cooper, LLP as its independent PCAOB auditor, a governance move framed as necessary as consolidated accounting complexity increases

Healthcare delivery is being reshaped by two forces that often move at different speeds: consumer demand for faster access and more personalized care, and institutional requirements for stronger compliance, reporting, and audit readiness. Telemedicine adoption has normalized virtual visits, while pharmacy and fulfillment models increasingly compete on speed, service, and regulatory execution. For multi-subsidiary healthcare operators, the differentiator is not simply growth, but the ability to scale responsibly across jurisdictions, products, and clinical workflows without losing control of governance and financial discipline.

Earth Science Tech (OTC: ETST) is executing that playbook as a strategic holding company that builds value by acquiring and actively managing operating businesses in pharmaceuticals, telemedicine, healthcare services, real estate, and select consumer markets. The company’s stated focus is on controlling interests where operational oversight, regulatory compliance, and disciplined scaling can drive durable growth.

A Healthcare-Centered Portfolio with Multiple Operating Units

ETST is a diversified holding company focused on the health and wellness sector. Through wholly owned subsidiaries, it cites a vertically integrated portfolio that includes compounding pharmacies and telemedicine platforms, alongside related clinical support infrastructure. The company has RxCompoundStore.com and Mister Meds as licensed compounding pharmacies, supported by Peaks Curative, DOConsultation.com, and Las Villas Health Care for patient connectivity and clinical services.

The model is built on integration. Telemedicine can serve as the front door to patient access, while pharmacy operations can capture recurring prescription fulfillment and expand patient lifetime value. That integration, however, tends to increase operational complexity, especially as state-by-state licensing expands and consolidated reporting requirements become more demanding.

Fiscal Q3 Results Show Margin Expansion and Improved Profitability

In its third fiscal quarter ended December 31, 2025, Earth Science Tech reported revenue of $8.4 million, up 14.1% compared to $7.4 million in the year-ago quarter. Gross profit totaled $6.4 million, resulting in a 76.3% gross margin, up from 69.2% a year earlier. Net income was $910,000, or $0.003 per diluted share, compared to $206,000, or $0.001, in the prior-year quarter. Adjusted EBITDA was $1.2 million, compared to $0.3 million in the year-ago quarter.

Management also reported $1.2 million in positive cash from operations fiscal year to date. Operating expenses for the quarter were $5.1 million, compared with $4.9 million a year earlier, reflecting higher advertising and marketing and SG and A costs, partially offset by a decrease in salaries expense.

On the balance sheet, ETST reported total assets of $8.1 million as of December 31, 2025. The company reported cash of $416,000 and working capital of $773,000, and stated it had no bank debt. ETST attributed the cash decrease from earlier periods to inventory investments to support higher sales volumes and improve product availability, alongside increased operating activity.

External Commentary Highlights Seasonality, Supply Issues, and Expense Discipline

A February 18, 2026 earnings review from Zacks Small Cap Research discussed ETST’s reported fiscal Q3 2026 results and the company’s filing of its quarterly report. The review described revenue of $8.4 million as below its $10.0 million forecast, while attributing some of the variance to adverse seasonality and temporary Active Pharmaceutical Ingredients supply issues in India and China during November and December, which it said were subsequently resolved.

The same review noted that operating expenses came in below its model expectations, citing lower compensation as a key driver, partially offset by higher general and administrative costs. It also highlighted adjusted EBITDA of $1.2 million and the company’s share repurchases, including 1,143,000 shares during the quarter and 3,703,296 shares during the first three quarters of fiscal 2026, which management said reduced outstanding shares by 3.6% year over year.

Telemedicine Growth and a Broader State Footprint

ETST has pointed to Peaks Curative as a growth driver, stating the platform surpassed $2.0 million in revenue in less than a year. Management has also emphasized geographic expansion, noting up to 10 additional state licenses pending. If approvals progress, the company’s addressable market could expand materially, but so does the compliance burden, which puts more weight on governance, controls, and audit readiness.

Corporate Governance as a Parallel Investment

On the same day it released quarterly results, ETST announced it engaged Semple, Marchal and Cooper, LLP as its new independent Public Company Accounting Oversight Board auditor. The company framed the change as a strategic upgrade to financial governance infrastructure, stating that the complexity of consolidated accounting has increased as it expands across pharmacy compounding, telemedicine, and real estate.

The decision is notable because auditor selection tends to be a signal of institutional posture. For a company managing multiple subsidiaries, audit capabilities can influence investor confidence, the ability to pursue uplisting goals, and the company’s readiness for more stringent reporting expectations.

The Thread Connecting the Updates

Taken together, the recent updates outline a company that is attempting to scale a healthcare-centered portfolio while strengthening the internal controls that often lag behind rapid expansion. The quarter delivered revenue growth, margin expansion, and materially higher profitability versus the prior year. The external earnings review placed emphasis on the durability of growth drivers, expense rationalization initiatives, and the impact of temporary supply disruptions. Meanwhile, the auditor engagement highlights a management focus on governance as the portfolio becomes more complex.

For more information, visit EarthScienceTech.com.

NOTE TO INVESTORS: The latest news and updates relating to ETST are available in the company’s newsroom at https://ibn.fm/ETST

Disseminated on behalf of  Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) and may include paid advertising.

• Rare earth shortages represent serious vulnerabilities for critical industrial sectors such as aerospace, semiconductors, and defense, as China continues to dominate the global rare earth supply chain.
• Demand for rare earth elements is projected to grow sharply through 2035, and development of secure domestic rare earth supply options is an increasing priority for North America.
• Powermax is advancing exploration projects in Canada and the United States targeting critical rare earth minerals.
• The company recently expanded its Atikokan Rare Earth Project in Ontario to capture additional exploration targets.

Supply constraints for rare earth elements are emerging as a growing concern for Western industries, particularly in sectors such as aerospace, semiconductor manufacturing, and advanced defense systems. Against this backdrop, Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF), a Canadian mineral exploration company, is positioning itself to help address the shortage of these strategically important minerals.

Recent reports say suppliers to U.S. aerospace and semiconductor companies are facing tightening access to certain rare earth materials despite diplomatic some easing of trade tensions between Washington and Beijing (https://ibn.fm/f960o).

The supply bottleneck centers on niche rare earth elements such as yttrium and scandium, which are used in high-temperature coatings for jet engines, advanced alloys, and semiconductor fabrication. Both materials are produced primarily in China, leaving manufacturers vulnerable to export controls.

Chinese customs data illustrate the shift. Only 17 tons of yttrium products were exported to the United States in the eight months following new restrictions, compared with 333 tons during the previous eight-month period. The scarcity has driven prices sharply higher and forced some suppliers to ration materials or even pause production.

Industry analysts view the situation as a strategic pressure point in the global technology supply chain. Rare earth elements play essential roles in aircraft engines, telecommunications infrastructure, electronics manufacturing, and renewable energy systems. Limited access to these materials could ultimately affect production across several high-value industries.

The shortage highlights the critical need for the development of alternative supply chains outside China. That opportunity is drawing attention to North American exploration companies such as Powermax Minerals Inc., which is focused on identifying and advancing rare earth element (“REE”) deposits in Canada and the United States.

The company’s exploration portfolio includes multiple properties across North America. These include the Cameron Rare Earth Project in British Columbia, the Atikokan Rare Earth Project in Ontario, and the Ogden Bear Lodge Project in Wyoming. Each of these assets is located in mining-friendly jurisdictions with established infrastructure and regulatory frameworks, an advantage for companies seeking to build supply chains capable of dependably serving North American industry.

Global demand trends also support the sector’s long-term outlook. Analysts project that worldwide demand for rare earth elements could triple from approximately 59,000 tonnes in 2022 to roughly 176,000 tonnes by 2035. Much of that growth is expected to come from electric vehicles, renewable energy systems, and advanced electronics.

At the same time, supply growth may lag behind demand. Some forecasts suggest shortages could reach as much as 30% if new mining and processing projects do not come online.

China currently controls roughly 60% of rare earth mining and close to 90% of processing capacity. This unacceptable level of concentration has prompted Western governments to prioritize domestic supply development.

In the United States, federal programs such as the Defense Production Act have directed more than $1 billion toward building secure critical-mineral supply chains. Canadian companies may also benefit from funding initiatives aimed at strengthening North American resource development.

Within this context, Powermax Minerals Inc. has continued to expand its exploration footprint. In February 2026, the company announced it had expanded the Atikokan Rare Earth Project in northwestern Ontario by acquiring two contiguous mining claims covering 37 claim cells (https://ibn.fm/itQHn). Management said the additional ground captures extensions of exploration targets identified in earlier geophysical surveys. A high-resolution airborne magnetic and radiometric survey conducted in 2025 identified several structurally controlled rare earth targets associated with granitic and pegmatitic host rocks.

The data also highlighted elevated thorium-to-potassium ratios, which can serve as indicators of rare earth enrichment in certain geological systems. According to the company, these signals are consistent with a phosphate-rich NYF-type rare earth mineral system. Such systems, enriched in niobium, yttrium, and fluorine, are known to host concentrations of rare earth elements alongside other critical minerals.

The Atikokan Project lies within the Wabigoon Subprovince of the Archean Superior Province, a geologically significant region known for its mineral potential. Much of the property is associated with the White Otter Batholith, a large intrusive complex considered prospective for rare earth mineralization. Powermax currently holds an option over 455 unpatented mining claims at Atikokan alone, underscoring the scale of the exploration program.

Beyond Ontario, the company’s Ogden Bear Lodge Project in Wyoming offers exposure to a historically significant rare earth district in the United States, and the Cameron property in British Columbia adds further important geographic diversification to the company’s portfolio.

For North American manufacturers seeking reliable access to critical minerals, such domestic exploration and development will play a growing role in securing long-term supply. In that environment, Powermax Minerals Inc. is positioning itself within a sector that is becoming strategically important not only for the technology economy, but also for national industrial policy and energy transition planning.

For more information, visit the company’s website at www.PowermaxMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to PWMXF are available in the company’s newsroom at https://ibn.fm/PWMXF

Exploration Target Cautionary Statement

The exploration targets discussed are conceptual, and there is currently not enough data to confirm a mineral resource. Further exploration may not yield successful results.

Disseminated on behalf of  Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) and may include paid advertising.

• Lahontan Gold Corp. recently revealed the analytical results from the company’s maiden drilling program at the West Santa Fe project
• According to the results, the drilling campaign was successful and confirmed the high-grade gold and silver core of the South Zone at West Santa Fe
• The company, specifically the geologic team, is planning a follow-up drilling campaign in the spring, with the key targets being the possible extension of the main mineralized zone, as well as untested down-dip extensions of gold and silver mineralization

Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF), a mine development and exploration company, recently announced the final analytical results from the company’s 2025 maiden drilling program at the West Santa Fe Project. This project is located only a short distance from the company’s flagship asset, the Santa Fe Project.

The drill hole, titled WSF25-04R, emphasized the high gold and silver grades associated with the South Zone at the West Santa Fe Project. Specifically, the hole returned 36.6 metres (0.0 – 36.6m) grading 3.11 g/t Au Eq including 10.7 metres (1.5 – 12.2m) grading 5.75 g/t Au Eq from the surface, all oxide. Included in the intercept was another high-grade zone: 12.2m (22.9 – 35.1m) grading 3.67 g/t Au Eq.

Both the grade and geometry of these intercepts correlate with adjacent drill holes, which support the historic drill hole database for the area.

Kimberly Ann, Executive Chair, Founder, President and CEO of Lahontan Gold Corp., commented on the results and said, “The robust assay results from WSF25-04R confirm the high-grade core of the South Zone as defined by historic drilling and underground mine workings. We are continuing to model the West Santa Fe system to better understand the geology and geometry of gold and silver mineralization”.

The CEO also stated that the geologic team at Lahontan is fine-tuning a follow-up drilling campaign that will begin in the spring. This spring drilling campaign will primarily focus on the possible eastern extension of the main mineralized zone, as well as untested down-dip extensions of gold and silver mineralization.

For its drilling programs, Lahontan conducts an industry standard QA/QC program. The program involves inserting coarse blanks and Certified Reference Materials (“CRM”) in the sample stream at random intervals. The targeted insertion rate was one QA/QC sample for every 16 to 20 samples.

Also, all drill samples were sent to American Assay Laboratories (“AAL”) in Sparks, Nevada to be analyzed.

About Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF)

Lahontan Gold Corp. is a mine exploration and development company that’s advancing gold and silver assets in the Walker Lane region in Nevada, which is among the most productive and mining-friendly regions in the world. The company has the mission of responsibly developing and expanding oxide resources while both minimizing capital intensity and maximizing returns.

For more information, visit the company’s website at www.LahontanGoldCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at ibn.fm/LGCXF

• Forward Industries is focused on building and managing the worlds largest Solana (SOL) treasury, with a strategy that revolves around acquiring SOL and deploying it through various on-chain activities.
• FWDI recently finished the company’s first full reporting period under this new strategy and recently reported the company’s 2026 fiscal Q1 operating and financial results.
• The company has reached several key milestones and accomplishments recently, from expanding how the company participates on the Solana blockchain, to testing a proprietary automated market maker, and more.

Forward Industries (NASDAQ: FWDI), a Solana treasury company, recently finished the company’s first full reporting period as the world’s largest Solana treasury. In a recent announcement of the company’s fiscal first quarter 2026 operating and financial results, FWDI shared updates about the company, as well as detailing milestones and future plans (https://ibn.fm/RcNVx).

As of Dec. 31, 2025, Forward Industries has liqui SOL holdings of over 6.9 million, and almost all of the company’s SOL is staked. (As of the end of 2025, the company has generated over 112,171 SOL in staking rewards.)

Since the company adopted the SOL treasury strategy, FWDI’s validator infrastructure has generated between 6.5% and 7.2% gross annual percentage yield before fees, which outperforms many peer validators.

The company also reported that revenue for the first quarter of fiscal 2026 grew by more than 4X, going from $4.6 million in the prior-year period, up to $21.4 million, largely driven by the staking revenue earned through the company’s treasury strategy.

On the operations side, the company has recently launched fwdSOL, FWDI’s proprietary liquid staking token, and also began testing an automated market maker, which was developed alongside Galaxy.

Going forward, the company plans to focus on building an active and scalable operating platform that helps it enhance SOL-per-share over time. Also, as SOL continues to grow and be adopted as real financial infrastructure, Forward Industries believes the company is positioned well to evolve from just a treasury company to an active value-generating business that’s aligned with the growth of the SOL network.

In addition to the present being an exciting time for FWDI, there’s also plenty of excitement about the Solana blockchain in general. Recently, developers of the Solana blockchain have launched Solana Payments, which is a hub that aims to be an informational resource all about making payments with Solana. The platform shares insights, details about the ecosystem, and plenty of documentation, and also information about fees, settlement time, and more.

About Forward Industries Inc. (NASDAQ: FWDI)

Forward Industries is a company that’s managing and building a large-scale Solana treasury and is backed by some of the most influential investors in the digital space. It aims to create long-term shareholder value by actively participating in the Solana ecosystem by strategically deploying assets through on-chain opportunities like staking, lending, and decentralized finance (“DeFi”).

For more information, visit the company’s website at www.ForwardIndustries.com.

NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI

• Safe Pro Group recently announced that the company has been awarded a subcontract agreement to provide AI processing systems to the U.S. Government.
• Driven by the initial deliveries under this contract, the company has revealed that it expects revenue in the first quarter of 2026 to increase 500% year-over-year.
• The company believes that it is entering a government and commercial adoption inflection point, including opportunities to access more government programs as an active U.S. Government supplier.
• Safe Pro also revealed several operational and financial highlights, such as a strengthened balance sheet, the commercialization of the company’s patented Safe pro Object Threat Detection (“SPOTD”) platform, and an expanding government and defense sales pipeline.

Safe Pro Group (NASDAQ: SPAI), a tech company that delivers defense and security solutions, recently announced that it has been awarded a subcontract agreement to supply the U.S. Government AI processing systems under a $1,000,000 subcontract from a prime contractor (https://ibn.fm/VjB2Z).

The systems’ internal development and low-rate initial production (“LRIP”) supporting this award were funded through strategic investments from firms like Ondas Inc. and Unusual Machines Inc.

Safe Pro Group also just announced that it expects first-quarter revenue to increase more than 500% year-over-year, largely due to initial deliveries under the new contract (https://ibn.fm/LCH12).

The company believes that it is entering a government and commercial adoption inflection point, as it transitions from development-stage operations to scaling revenue generation and getting more opportunities to access more government programs.

The company also revealed various other operational and financial highlights in the announcement of this revenue increase. First, it states that this awarded contract with the government establishes the company as an active U.S. Government supplier, which positions the company for follow-on production and opportunities to expand the program.

It also details how Safe Pro has strengthened the company’s balance sheet including completing a $14 million PIPE financing priced at $7 per share in Q4 2025. The strategic investments were led by Ondas Inc. and Unusual Machines Inc., with the capital supporting AI deployment, manufacturing scale-up, and executing the government contract.

The company also mentioned the commercialization of its proprietary SPOTD AI platform, as it transitions from R&D to the deployment and revenue generation phase. For those unfamiliar, this platform automatically identifies and detects more than 150 small explosive threats in drone footage increasing situational awareness and safety for field operations.

Lastly, Safe Pro highlights the company’s expanding government and defense sales pipeline, including active engagements with domestic and allied government agencies and growing interest from military and global humanitarian demining organizations. In addition, it notes that the company has been invited to participate in multiple U.S. Army-sponsored technology evaluation and operational events.

Speaking about the start of 2026 and the things going on at the company, Safe Pro Group CEO, Dan Erdberg, said that “The first quarter of 2026 represents a transformational period for Safe Pro.” He also added that “We believe global demand for AI-enabled drone intelligence and American defense technology is entering a sustained growth cycle. Initial government revenue validates our technology platform and positions Safe Pro for continued operational expansion.”

About Safe Pro Group Inc. (NASDAQ: SPAI)

Safe Pro Group is a mission-driven technology company that delivers security and defense solutions to customers in a variety of industries including law enforcement, homeland security, defense, and others. While it also delivers ballistic protective gear, Safe Pro’s computer vision technology is the heart of the company’s operation. It rapidly detects and identifies small explosive threats in drone footage, to make field operations and missions safer for on-the-ground teams.

For more information, visit the company’s website at www.SafeProGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI

• New report upgrades HeartBeam to buy, raises 12-month price target to $4, citing regulatory progress and company’s transition toward commercialization.
• Joseph Gunnar characterized the FDA clearance of HeartBeam’s 12-lead ECG synthesis software for arrhythmia assessment as a “critical regulatory milestone.”
• The research report underscores the company’s targeted go-to-market strategy.

Equity research reports often serve as important barometers of shifting sentiment, offering investors detailed analysis of a company’s strategy, risks and growth potential. In a new research note, Joseph Gunnar & Co. upgraded HeartBeam (NASDAQ: BEAT) from Hold to Buy and raised its 12-month price target to $4 from $1, citing regulatory progress and the company’s transition toward commercialization. A medical tech company, HeartBeam will introduce its FDA-cleared cable-free, synthesized 12-lead ECG system designed to deliver clinical-grade cardiac insights for arrhythmia assessment in a portable format, and the upgrade reflects growing confidence in the company’s commercial launch strategy and long-term opportunity.

“We upgrade HeartBeam to a BUY and High-Risk rating with a raised price target of $4 (from $1), reflecting progress in cardiac risk detection,” the February 2026 report states. The report highlights a significant turning point for the company following FDA clearance of its 12-lead ECG synthesis software in December 2025 for arrhythmia assessment, which resolved an earlier regulatory setback and allowed HeartBeam to transition to commercial-stage status.

Joseph Gunnar characterized the FDA clearance as a “critical regulatory milestone,” noting that after an initial negative FDA decision, HeartBeam successfully appealed and secured 510(k) clearance within weeks. “Subsequently, the company transitioned from precommercial to commercial-stage status following this clearance, positioning for market launch in 1Q2026,” the report continues. “HeartBeam is poised to address a significant clinical gap that current solutions have failed to resolve.”

The report emphasized that the clearance “enables a controlled U.S. launch in early 2026, starting with concierge and preventive cardiology practices, to generate real-world data and refine the commercial model.” The firm views this limited rollout as a prudent approach to capital efficiency and proof of concept before broader expansion.

The research report underscores HeartBeam’s targeted go-to-market strategy, which initially focuses on high-willingness-to-pay concierge and preventive cardiology segments. According to the report, the company’s initial commercial rollout is concentrated in Southern California and South Florida, targeting approximately 150,000 patients, or roughly 75,000 per region. Management is prioritizing pilot accounts to validate workflow integration, pricing acceptance and customer acquisition economics before scaling nationally.

Joseph Gunnar believes this approach reduces reimbursement risk while allowing the company to collect clinical evidence and establish reference sites. The analyst wrote that “even modest penetration (5–10% of high-risk patients) could generate substantial revenue,” adding that the risk-reward profile becomes increasingly attractive if HeartBeam achieves commercial traction and secures additional regulatory clearances.

Financial projections in the note introduce 2026 revenue estimates of approximately $2.7 million, with a GAAP EPS loss of $0.63. The report anticipates first sales beginning in the second quarter of 2026, with a more meaningful revenue ramp in the second half of the year as the commercial model is refined. The analyst expects around 6,900 patient signups in 2026, reflecting conservative assumptions about early adoption.

The valuation rationale centers on price-to-sales multiples. Joseph Gunnar notes that HeartBeam currently trades at a forward price-to-sales multiple of 19.8 times 2026 estimated sales of approximately $2.7 million. While this exceeds peer averages, the analyst argues that HeartBeam’s growth potential, recent FDA clearance and competitive differentiation justify a premium valuation, leading to the $4 price target.

The report also highlights competitive advantages supporting the upgrade. HeartBeam’s proprietary 3D non-coplanar signal acquisition technology, which captures cardiac electrical signals from three directions, is described as difficult to replicate. The note cites clinical validation data showing 93.4% diagnostic agreement with standard 12-lead ECG for arrhythmia assessment across more than 1,000 patients and references 14 peer-reviewed publications supporting the technology. The analysis also points to an experienced leadership team with prior cardiovascular device exits as a mitigating factor for execution risk.

Beyond its initial arrhythmia assessment indication, the report outlines multiple platform expansion opportunities, including a future indication for heart attack assessment targeting more than 20 million high-risk U.S. patients, a 12-lead extended-wear patch and AI-powered predictive analytics. The report views these adjacent opportunities as asymmetric upside drivers if successfully developed and cleared.

Joseph Gunnar concludes that HeartBeam’s regulatory success, focused commercialization strategy and differentiated technology platform support a more constructive outlook on the company’s long-term prospects. With FDA clearance secured, an initial regional launch underway and multiple expansion pathways under development, the firm believes HeartBeam is entering a pivotal phase of execution. As the company works to translate clinical validation and early pilot programs into revenue growth, the upgraded Buy rating and higher $4 price target reflect increasing confidence in HeartBeam’s ability to build a meaningful presence in the evolving cardiac monitoring market.

For more information, visit www.HeartBeam.com.

NOTE TO INVESTORS: The latest news and updates relating to BEAT are available in the company’s newsroom at https://ibn.fm/BEAT

• TechForce Robotics announced that the company has secured full ownership of the Intellectual Property for BIM-E, an autonomous beverage robotics platform
• This announcement follows the successful debut of the platform at CES 2026 in Las Vegas, where the company reported strong industry engagement, reinforcing confidence in the commercial viability of the platform
• Following CES, NGTF has initiated steps to ramp up manufacturing readiness, expand development teams, and more

Nightfood Holdings Inc. (d.b.a. TechForce Robotics) (OTCQB: NGTF), an emerging robotics company focused on deploying AI-Enhanced automation across multiple industries, recently announced that it has completed a comprehensive intellectual property acquisition of the BIM-E Autonomous Beverage Robotics Platform (ibn.fm/uesFt).

The transaction comes at a time when the broader AI-driven service robotics market is accelerating from prototype development, toward real-world, revenue generating deployment, particularly across the high-traffic public venues. This platform automates beverage dispensing in an efficient and reliable manner and is designed to reduce wait times and ease labor constraints in environments such as hotels, conventions and sports arenas. 

The company is securing full ownership of all pre-existing intellectual property related to Beer Bot and the evolved BIM-E systems. The transaction includes patents, source code, firmware, AI models and more – a move that strengthens TechForce’s control to scale. 

Along with the acquisition, the inventor of the platform, Christopher Erpelding, also joined NGTF as Chief Mechatronics Architect, and his compensation structure is directly tied to the commercial performance from the platform.

This announcement and acquisition follow the successful debut of the BIM-E platform at CES 2026 in Las Vegas, which is one of the largest technology trade shows. The company received strong industry engagement during the show, which reinforced the commercial viability of the platform.

As a result, NGTF has initiated the steps to ramp up manufacturing readiness, expand its engineering and robotics development teams, recruit specialized automation and AI talent, and evaluate strategic tech acquisitions and merger opportunities. Management has indicated that the operational teams are working to position the company for sustained growth and responsible scaling within a market that can benefit.

Speaking about the acquisition, Ried Floco, President of NGTF, said, “With full intellectual property ownership secured and a performance-based incentive structure in place, we believe we are well-positioned to execute on production expansion and long-term value creation.”

In the context of a service robotics market that is rapidly evolving from experimental prototypes toward real-world commercial deployment, driven by constraints, NGTF’s strategic actions reflect this broader transition. Industry forecasts project the global service robotics sector to expand to more than $107 billion by 2030, with companies focused on enabling intelligent machines and systems that can operate alongside humans. By securing full intellectual property ownership of the BIM-E platform, aligning leadership incentives with execution and positioning for manufacturing readiness, NGTF positions itself with this commercialization wave, committing to deliver automation solutions that meet market demand and long-term growth opportunities.

For more information, visit the company’s website at TechForceRobotics.com.

NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at https://ibn.fm/NGTF

• Renewal Fuels is repositioning itself as an infrastructure-focused fusion energy company following its merger with Kepler Fusion Technologies, building a public-company framework aimed at long-term deployment of modular fusion systems for industrial power markets.
• The company has added senior technical and legal leadership to support its fusion commercialization strategy, with veteran plasma physicist Dr. John E. Brandenburg being appointed Chief Technology Officer, and intellectual property specialist Michael G. Smith appointed Chief Legal Officer and board director.
• The company has also filed three new federal trademark applications, expanding protection around the Texatron(TM) platform and American Fusion brand.

Renewal Fuels (OTC: RNWF) (d/b/a American Fusion), an advanced energy platform company focused on the development and commercialization of fusion energy technologies, has announced technical and corporate foundations, with key executive appointments and new trademark filings.

The company announced that it has named veteran plasma physicist Dr. John E. Brandenburg as Chief Technology Officer and appointed intellectual property attorney Michael G. Smith as Chief Legal Officer and a member of its board of directors. The company also disclosed three new trademark applications with the U.S. Patent and Trademark Office, part of a broader effort to formalize its technology and branding as it transitions toward operating as American Fusion Inc.

Dr. Brandenburg joins Renewal Fuels from Kepler Fusion Technologies, where he has served as lead scientist and technology architect since 2019. Brandenburg brings more than four decades of experience in fusion energy, plasma physics, and advanced propulsion, with prior roles at Lawrence Livermore National Laboratory, Sandia National Laboratories, The Aerospace Corporation, and the Florida Space Institute at Kennedy Space Center (https://ibn.fm/q64GI). 

His background spans magnetically confined fusion research, inertial confinement modeling, relativistic electron beam physics, and propulsion system development. He holds multiple U.S. patents covering plasma reactors and energy systems and has published extensively in peer-reviewed scientific journals.

At American Fusion, Brandenburg will oversee reactor physics, experimental validation, intellectual property development, and long-term technology strategy for the company’s Texatron(TM) fusion platform. “Dr. Brandenburg is one of the most accomplished plasma physicists working in fusion energy today. His decades of experience at premier national laboratories and his hands-on leadership in developing the Texatron(TM) platform make him uniquely qualified to guide our technology toward commercial deployment,” said Brent Nelson, CEO of Kepler Fusion Technologies.

Richard Hawkins, chairman and CEO of Renewal Fuels, added that the appointment represents a major step forward for American Fusion. “His decades of experience at national laboratories and hands-on leadership in developing Texatron make him well suited to guide the technology toward commercial deployment,” he said.

The company also appointed Michael G. Smith as Chief Legal Officer and director. Smith brings more than 20 years of legal and technology experience across advanced energy, aerospace, artificial intelligence, and complex patent strategy. His work includes drafting and prosecuting hundreds of patent applications, managing global IP portfolios, and advising early-stage and public companies on governance, securities compliance, and mergers and acquisitions (https://ibn.fm/9Titj). 

In his new role, Smith will oversee legal, regulatory, and intellectual property matters, including expansion of the company’s patent estate and trade secret programs, while also supporting its transition toward SEC reporting status.

Alongside the executive hires, American Fusion disclosed that it has filed three new federal trademark applications, bringing its total active trademark filings to six. The latest applications cover the Texatron(TM) name and the American Fusion brand across energy production, plant maintenance, and fusion technology design services. 

Renewal Fuels recently completed a reverse merger with Kepler Fusion Technologies and is in the process of changing its legal name to American Fusion Inc. The company now positions itself as an advanced energy platform business focused on building deployable, infrastructure-grade fusion systems rather than operating purely as a research enterprise.

Through its wholly owned subsidiary, Kepler Fusion Technologies, the company is developing the Texatron(TM) aneutronic fusion platform, a compact, pulsed system designed for modular deployment in industrial and grid-constrained environments. The approach emphasizes controlled operating cycles and distributed installation, targeting applications such as data centers, manufacturing facilities, defense infrastructure, and remote locations.

The Texatron design centers on a Deuterium–Helium-3 fuel pathway, which the company says could enable direct electrical energy conversion and reduce reliance on conventional steam-based power generation. While the technology remains in development and has not yet demonstrated net energy gain, management has already confirmed successful plasma formation at sub-fusion temperatures.

Commercially, American Fusion plans to pursue a Power-as-a-Service model, retaining ownership of fusion units while selling electricity under long-term contracts. The structure is intended to support recurring revenue and fleet-based scaling over time. The company’s strategic repositioning comes as U.S. electricity demand enters a renewed growth phase, driven largely by commercial and industrial users, including data centers and advanced manufacturing. These sectors typically require continuous, non-intermittent power, increasing pressure on existing generation and transmission infrastructure. American Fusion argues that distributed fusion systems could eventually address this need by providing reliable baseload power without extensive new grid buildout, aligning energy resilience with emissions-reduction goals.

For more information, visit the company’s website at www.AmericanFusionEnergy.com.

NOTE TO INVESTORS: The latest news and updates relating to RNWF are available in the company’s newsroom at https://ibn.fm/RNWF